Glencore’s Katanga pays for historical failings
NewsKatanga Mining, majority owned by Glencore, has admitted failings related to historical disclosures, as it reached a settlement with the Ontario Securities Commission.
The board of mining group Xstrata has recommended that shareholders back the $33B merger offer made by commodities trader Glencore, while at the same time allowing them to vote against a controversial pay package, aimed at retaining key managers, without blocking the merger.
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